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Which of the following questions would most likely to be a topic for a microeconomics class?
a) what would be the impact on competition in the cell phone market if there had been an ATT takeover of T-mobile?
b) what is the main reason for the low inflation rate in the United States?
c) what are government policies that would lower the unemployment rate?
d) how does the Federal Reserve use the supply and demand for money to change interest rates?
A firm has a production function (products of the whole year) given by q = 500 (LK)^1/2 . Wage is $40000 per year and capital rental rate is $90000 per year. (Details and steps required) a. Find the best way to produce 6000 products in a year. What i..
In contrast to a socialist economic organization, how would a capitalist system differ. Consider who owns capital (means of production) in two models.
How events would leave the equilibrium price of textbooks at the same level observed before the supply shift.
The asset (liquidity preference, or speculative) motive/demand for money relates primarily to money’s medium of exchange function. A Keynesian would view expansionary monetary policy as having its impact primarily through its effect on interest rates..
Explain why each of the following factors influence the own price elasticity of demand for a comodity
Calculating savings using the goods market equilibrium. Assume a closed economy (NX = 0). Suppose net taxes are $100 billion. Government spending is $125 billion. Investment is $50 billion and consumption is $100 billion. Calculate public savings, pr..
Suppose biochemists discover an enzyme that can double the amount of ethanol that may be derived from a given amount of biomass. Based on this technological development, we expect the supply curve for ethanol to shift to the right.
Find out your best affordable bundle if your travel preferences are such that you require exactly
If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.
Constant returns to scale are associated with a:
explain how lower coffee bean output in brazil, vietnam, columbia and central america are affecting this market. explain what has been happenning in this market.
Do the following events represent business transactions? Explain your answer in each case.
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